{"id":1802,"date":"2015-03-02T10:00:58","date_gmt":"2015-03-02T10:00:58","guid":{"rendered":"http:\/\/my-brains.co.uk\/jackross\/?p=1802"},"modified":"2017-05-12T13:14:00","modified_gmt":"2017-05-12T13:14:00","slug":"tax-compliance-costs-smes","status":"publish","type":"post","link":"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/","title":{"rendered":"Compliance costs SMEs"},"content":{"rendered":"<p><span style=\"color: #980100;\"><strong>SMEs pay almost \u00a310 billion in tax compliance costs each year, according to research by the Association of Accounting Technicians (AAT).<\/strong><\/span><\/p>\n<p>The survey of 500 businesses reveals that the average SME spends \u00a34,376 complying with business taxes each year. Collectively, the SME sector spends \u00a39.9 billion annually on tax compliance.<\/p>\n<p>Important findings:<\/p>\n<ul>\n<li>SMEs spend up to 2 hours each week on tax issues<\/li>\n<li>70% of SMEs say they spend too much time focusing on tax.<\/li>\n<\/ul>\n<p>Small business owners say they would rather invest the money spent on tax compliance back into their businesses:<\/p>\n<ul>\n<li>1 in 3 would spend more on sales and marketing<\/li>\n<li>10% would use it to recruit more staff<\/li>\n<li>10% would increase their R&amp;D budget.<\/li>\n<\/ul>\n<p>Mark Farrar, chief executive of the AAT, said:<\/p>\n<p>&#8220;SMEs are the backbone of British businesses but some are being weakened by a hidden \u00a310bn tax burden.<\/p>\n<p>&#8220;It is a strong indicator of just how hard dealing with tax can be when 80% of our members, experts at navigating through the intricacies of tax compliance, state that the UK tax system is too complicated.&#8221;<\/p>\n<h2><strong><span style=\"color: #980100;\">Focus on what matters most<\/span><\/strong><\/h2>\n<p>By letting us shoulder your tax burden, you can give yourself time to focus on what matters most, your business.<\/p>\n<p>Our accountants will:<\/p>\n<ul>\n<li>minimise your exposure to business taxes<\/li>\n<li>make sure you never miss a tax deadline<\/li>\n<li>act on your behalf with the tax authorities.<\/li>\n<\/ul>\n<p><strong><a title=\"Contact Us\" href=\"http:\/\/my-brains.co.uk\/jackross\/contact-us\/\">Contact us<\/a>\u00a0on 0161 832 4451 or email info@jackross.co.uk\u00a0to discuss your tax position.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SMEs pay almost \u00a310 billion in tax compliance costs each year, according to research by the Association of Accounting Technicians (AAT). The survey of 500 businesses reveals that the average SME spends \u00a34,376 complying with business taxes each year. Collectively, the SME sector spends \u00a39.9 billion annually on tax compliance. Important findings: SMEs spend up&hellip;&nbsp;<a href=\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Compliance costs SMEs<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":""},"categories":[5],"tags":[56,111,57],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Compliance - Jack Ross<\/title>\n<meta name=\"description\" content=\"Read the research by the Association of Accounting Technicians (AAT) on how SMEs pay almost \u00a310 billion in tax compliance costs each year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Compliance - Jack Ross\" \/>\n<meta property=\"og:description\" content=\"Read the research by the Association of Accounting Technicians (AAT) on how SMEs pay almost \u00a310 billion in tax compliance costs each year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"Manchester Chartered Accountants\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/jackrosstax\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-02T10:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-05-12T13:14:00+00:00\" \/>\n<meta name=\"author\" content=\"Jack Ross\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jack Ross\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\"},\"author\":{\"name\":\"Jack Ross\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/d65ae99f63f346e53c611cb62a38c818\"},\"headline\":\"Compliance costs SMEs\",\"datePublished\":\"2015-03-02T10:00:58+00:00\",\"dateModified\":\"2017-05-12T13:14:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\"},\"wordCount\":238,\"publisher\":{\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#organization\"},\"keywords\":[\"Compliance\",\"Tax\",\"Taxes\"],\"articleSection\":[\"Tax\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\",\"url\":\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\",\"name\":\"Tax Compliance - Jack Ross\",\"isPartOf\":{\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#website\"},\"datePublished\":\"2015-03-02T10:00:58+00:00\",\"dateModified\":\"2017-05-12T13:14:00+00:00\",\"description\":\"Read the research by the Association of Accounting Technicians (AAT) on how SMEs pay almost \u00a310 billion in tax compliance costs each year.\",\"breadcrumb\":{\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/tax-compliance-costs-smes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/my-brains.co.uk\/jackross\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Compliance costs SMEs\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#website\",\"url\":\"http:\/\/my-brains.co.uk\/jackross\/\",\"name\":\"Jack Ross Chartered Accountants Manchester\",\"description\":\"Manchester Accountants &amp; 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